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Hong Kong – 1Q 2022 Balance of Payments
21/06/2022 07:14 pm MYT
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In 1Q 2022, Hong Kong’s balance of payments recorded a deficit of HK$52.5 bln. The current account recorded a surplus of HK$78.5 bln, which was equivalent to 11.6% of GDP (figure 1). The current account surplus increased from a year ago due to larger surpluses in the goods, services and primary income accounts. Meanwhile, the financial account recorded a deficit of HK$49 bln due to an outflow from other investments and direct investment.


As a service-led economy, Hong Kong experienced a 78.8% quarter-on-quarter surge in the services account surplus in 1Q 2022 due to a low-base effect.



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